Promoter holding
64.27%
TW
The Waterbase - Due diligence report
A 360° intelligence report on The Waterbase: trust score, financial health, credit view, compliance, directors, growth and distress signals …
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The Waterbase — 360° Intelligence Report
Generated from MCA filings & public records73/100
Trust Score
Moderate
The Waterbase is assessed as Moderate with a Trust Score of 73/100. The Waterbase is an active public limited indian non-government company incorporated in 1987, operating in the Agriculture sector. Reported revenue has declined across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and moderate financial risk profile.
Report generated on 24 Sep 2026 from the latest processed filings. The Waterbase Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreModerate
73/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
80/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
65/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
50/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Standalone · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 60/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Externally credit-rated (BBB+).
Charges position: 2 open (123.84 cr) · 38 satisfied (405.06 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 2 | 48.0 cr |
| Union Bank Of India | 11 | 48.0 cr |
| Icici Bank Limited | 3 | 48.0 cr |
| Yes Bank Limited | 4 | 48.0 cr |
| Others | 2 | 48.0 cr |
| Axis Bank Limited | 1 | 48.0 cr |
Compliance Score: 80/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 4 court forum(s).
- 8 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 55/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| VARUN ADITYA THAPAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NITASHA THAPAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHASHIKALA VENKATRAMAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMALINGAM SURESHKUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMAKANTH VENKATA AKULA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAHUL CHANDRASINGH MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAHUL KAPUR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VENKATA RAMAKANTH AKULA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BALAKRISHNAN ARUMUGAM | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| R SURESHKUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Venkata Ramakanth Akula | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Ramalingam Sureshkumar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 12 directors on the board.
- RAMALINGAM SURESHKUMAR has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2023 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Aquavista Enterprises Private Limited
Subsidiaries
1
Group entities
1
Capital events
4 allotment(s) · 0 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Waterbase Frozen Foods Private Limited | Subsidiary Company | 74.00% |
| Aquavista Enterprises Private Limited | Holding Company | 74.00% |
Key managerial personnel: RAMALINGAM SURESHKUMAR (CFO) · RAMAKANTH VENKATA AKULA (CEO) · VENKATA RAMAKANTH AKULA (Managing Director) · R SURESHKUMAR (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 50 · Distress 65
Growth signals & trust indicators
Asset base grew 2.1x - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 38+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Outside liabilities up 24% in a year.
2 open charge(s) registered - assets are encumbered.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence73/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment66/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 2 open charge(s) of 123.84 cr already registered.
- Compliance record supports lending.
Investor view61/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events25 Sep 2025
Last AGM held
Annual general meeting
21 Jun 2025
Director appointed
Ramalingam Sureshkumar (Company Secretary)
31 Mar 2025
Latest balance sheet
Filed with ROC
28 Mar 2025
Charge satisfied
Others
21 Jan 2025
Charge created
Others - 25.00 cr
09 Sep 2024
Director appointed
Venkata Ramakanth Akula (Ceo)
09 Aug 2024
Director appointed
VENKATA RAMAKANTH AKULA (Managing Director)
11 Dec 2023
Charge created
Others - 25.00 cr
26 Oct 2023
Director appointed
RAHUL CHANDRASINGH MEHTA (Director)
04 Aug 2023
Director ceased
VIKRAMADITYA MOHAN THAPAR
08 Feb 2023
Director appointed
NITASHA THAPAR (Director)
Director appointed
BALAKRISHNAN ARUMUGAM (Company Secretary)
23 Aug 2022
Charge satisfied
Yes Bank Limited
09 Mar 2022
Charge satisfied
Yes Bank Limited
10 Sep 2020
Charge satisfied
Yes Bank Limited
10
Key Observations
Auto-generated from the data aboveRevenue declined 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
12 active director(s) / partner(s); review board churn before relying on management continuity.
8 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of BBB+ from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 4 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Rafiq Naik Exports Private Limited | U05002PN2014PTC151715 | Ratnagiri, Maharashtra, India |
| Naik Oceanic Exports Private Limited | U15123PN2000PTC015528 | Ratnagiri, Maharashtra, India |
| Growel Formulations Private Limited | U24239TG1993PTC015700 | Hyderabad, Telangana, India |
| Kalyan Aqua & Marine Exports India | U74900AP2007PTC055808 | Visakhapatnam, Andhra Pradesh, India |
| Pasupati Aquatics Private Limited | U61200WB2007PTC118265 | Kolkata, West Bengal, India |
| Jeppiaar Fishing Harbour Muttom Private Limited | U05005TN2008PTC066293 | Sholinganallur, Tamil Nadu, India |
| Ulka Seafoods | U05000MH2002PTC137356 | Dist Raigad, Maharashtra, India |
| Wellcome Fisheries Limited | U05001TN1987PLC014973 | Chennai, Tamil Nadu, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify The Waterbase before audits and certifications: compliance score 80/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of The Waterbase: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 50/100, margin trends, ownership structure and peer set for The Waterbase - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 73/100, distress signals and MSME payment-delay disclosures - know whether The Waterbase pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for The Waterbase - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is The Waterbase an active company?
The Waterbase has MCA status “Active” with a compliance score of 80/100 (Low Risk).
Is The Waterbase financially healthy?
The Waterbase has a Financial Health Score of 65/100 (Moderate) based on its filed financial statements.
Should I do business with The Waterbase?
Its overall Trust Score is 73/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls The Waterbase?
The ultimate holding entity is Aquavista Enterprises Private Limited. 12 active director(s) are on record.
Does The Waterbase have loans or charges against its assets?
2 open charge(s) are registered against its assets, and 38 earlier charge(s) stand satisfied.
Is The Waterbase up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 80/100 (Low Risk).
Is it risky to lend to The Waterbase?
Its Credit Risk Score is 60/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
